GST Notifications Manual(Simplified)



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List of Services under Reverse Charge in GST

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The Rates of services were decided on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28%. The list of services that will be under reverse charge as approved by the GST Council is given below: 1) Taxable services provided or agreed to be provided by any person who is located in a non-taxable territory and received by any person located in the taxable territory other than non-assessee online recipient (OIDAR) 2) Goods transport agency (GTA) service provided to any person registered under CGST/SGST/UTGST Act, Partnership firm, including AOP, Body Corporate, Factory, Society, Cooperative society, Casual taxable person.  3) Services provided by Advocates or firm of Advocates by way of legal services to any business entity. 4) Services provided by Arbitral tribunal to any business entity. 5) Sponsorship Services provided to any body corporat...
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All about Aggregate Turnover under GST

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The aggregate turnover has been defined in section 2(6) of the Act as follows:  "aggregate turnover"  means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;  The analysis of definition for computing aggregate turnover is discussed below:  (1) Turnover of all products - It is evident from definition that turnover of all the supplies whether taxable supplies, exempt supplies and exports should be aggregated to compute the limit of Rs.20 Lakhs or Rs.10 Lakhs. (2) Turnover on basis of  PAN - It is further provided that the aggregate turnover of person having Permanent Account Number (PAN) will be computed on PAN I...
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List of Services Exempted under GST

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The GST Council in its meeting on 19th May 2017 finalised the list of services exempted from the levy of Goods and Service Tax (GST). Most of the Service Tax Exemptions had been gathered and the list of Services Exempted under GST has been formed. The list of Exempt Services under GST basically is the combination of the the existing Services Tax Law Exemptions as per Mega Exemption 25/2012 and Negative list Services as per Section 66D of the Finance Act 1994.  Here is the list of some Exempted Services under GST: Services provided by the Goods and Services Tax Network (GSTN) to the Central Government or State Governments/Union Territories for implementation of Goods and Services Tax (GST) Services by Reserve Bank of India Services by way of renting of residential dwelling for use as residence Services by way of transportation of goods              (i) by road except the services of—           ...
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